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Avalon Labs Uses $1.88 Million Monthly Protocol Revenue for AVL Token Buyback and Burn
Summary: Avalon Labs has completed a $1.88 million buyback and burn of AVL tokens. Since June, Avalon Labs has been depositing $1.88 million USDT into Bybit for buyback operations, repurchasing a total of 13,955,164 AVL tokens at an average price of approximately $0.1347. After the buyback, Avalon Labs has destroyed all the repurchased tokens. The buyback ...
Avalon Labs has completed a $1.88 million buyback and burn of AVL tokens. Since June, Avalon Labs has been depositing $1.88 million USDT into Bybit for buyback operations, repurchasing a total of 13,955,164 AVL tokens at an average price of approximately $0.1347. After the buyback, Avalon Labs has destroyed all the repurchased tokens. The buyback funds were sourced entirely from monthly protocol revenue. Combined with the 80 million AVL tokens burned in June, Avalon Labs has now burned tokens equivalent to 37% of the total circulating supply in recent times. This move demonstrates Avalon Labs' long-term commitment to integrating protocol growth with community value.
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Link: Avalon Labs Uses $1.88 Million Monthly Protocol Revenue for AVL Token Buyback and Burn [Copy]
